CandleFocus Bitcoin Price Prediction: Are Whales Fueling the Next Bull Run?
2024-09-18
Author: Content Editor
The recent rise in the Bitcoin market has caught the attention of crypto enthusiasts, and a post by the CEO of CryptoQuant suggests that Bitcoin whales are accumulating more BTC, indicating confidence in the cryptocurrency's growth potential. The accumulation is primarily coming from custody wallet inflows, suggesting that institutions may be preparing to hold Bitcoin for the long term. This analysis supports the belief that Bitcoin is in the middle of a bull cycle and has potential for further growth. The Bitcoin market has seen a rise in the last 30 days and the last 24 hours, and the bullish momentum observed may be linked to the whale accumulation. Overall, the post by Ki Young Ju provides insights that suggest a positive outlook for Bitcoin in the near future.
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